Forex Trading Information

Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $5.3 trillion (as of April 2013). Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Everyone can participate in foreign exchange trading via the Forex brokers.

You can also join a friendly community of traders at the Forex forum.

Latest in Forex

  • ricky from Philipine writes about ForexTime (FXTM):

    Just spoke to customer service representative and it looks like very responsive.

    Online chart is the fastest way to reach someone from back office.

    Right now, I'm setting up my trading account and it goes very smoothly.

    An initial paper work wa...

  • Just_Traider from Austria writes about IFC Markets:

    I don't like that with growing of account balance, execution of orders begins to take more and more time. This is scary sign for further trading with a company. This was far too often, even constantly, to be just the matter of internet connection, co...

  • Baker from Uk writes about ForexTime (FXTM):

    Everyone has an opinion what's the most important in forex trading.

    Of course anyone would say that first of a broker should be trustworthy, and I agree here that's essecial.

    However there are a couple more points which no one can ignore such as ...

  • Alexander Jankovic from Slovakia writes about MXTrade:

    I have traded with MXTrade before and I can say that they are really dedicated on bringing the best quality of services to their customers. They do not give special treatments to their big clients, and treats everyone with the same respect. No matter...

Forex Blog

Dollar Falls vs. Euro, Decline Limited

Wed, 26 Oct 2016 15:21

The dollar fell against the euro today while market participants continued to speculate about chances for an interest rate hike from the Federal Reserve in December. While the general consensus is that the Fed is going to hike rates, that outcome has already been priced in. Any doubts, on the other hand,...

EUR/USD Resumes Decline, Ignoring Macroeconomic Data

Tue, 25 Oct 2016 14:42

EUR/USD resumed its declined today after staying flat yesterday. The currency pair also traded sideways at the start of the current session, but has started a decline at 12:00 GMT and is moving down currently. Economic data from the eurozone (namely, from Germany) was good while the US consumer...

Which Part of Your Income Is from Forex Trading?

Mon, 24 Oct 2016 15:33

Every newbie trader dreams of being a full-time Forex trader, with full-time defined as 1–2 hours a day and not having to worry about any financial matters — all being completely compensated by one's trading performance. The reality usually turns out much harsher. First, becoming a profitable trader is...

Forex News

New Zealand Trade Deficit Widens, NZD Down

New Zealand Trade Deficit Widens, NZD Down

Thu, 27 Oct 2016 11:56

The New Zealand dollar fell against the US dollar and the euro after Thursday's data revealed that the New Zealand trade balance deficit widened last month unexpectedly.

Pound Refuses to Move Far from Opening After GDP Report

Pound Refuses to Move Far from Opening After GDP Report

Thu, 27 Oct 2016 11:42

The Great Britain pound continued to move largely sideways on Thursday, refusing to move far from the opening level and extending the period of consolidation that has starter a while ago. Even the positive surprise in the form of faster-than-expected economic growth did not influence the currency much.

Canadian Dollar Under Pressure During Wednesday's Trading

Canadian Dollar Under Pressure During Wednesday's Trading

Wed, 26 Oct 2016 20:46

The Canadian dollar was under pressure during the Wednesday's trading session as falling oil prices and concerns about potential monetary easing from the Bank of Canada made the currency not particularly attractive.

Commodity Blog

Crude Oil Falls as OPEC Deal Overshadows US Inventories

Wed, 26 Oct 2016 20:03

Prices for crude oil fell today despite the surprise decrease of US inventories. The Energy Information Administration reported a drawdown of 0.6 million barrels from the US...

Strong Physical Demand Cannot Reverse Gold's Decline

Wed, 26 Oct 2016 17:18

Strong physical demand could not help stop gold's declines. After reports suggested that there still remains a healthy demand for physical gold...

US Crude Tumbles to Under $50, Brent Struggles

Tue, 25 Oct 2016 17:15

Oil prices are tumbling on Tuesday as the US dollar strengthened and the freeze agreement among members of Organization of the Petroleum Exporting Countries (OPEC) appears to have...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — October 27th 2016

Thu, 27 Oct 2016 11:10

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 27th session. WTI Crude Oil — We initially tried to rally during the day on Wednesday, but found the $50 level to be far too resistive. And therefore we pulled back to form a shooting star. So, with that being the case, it looks to me at least at this point in time, the $50 level...

USD/JPY and AUD/USD Forecast — October 27th 2016

Thu, 27 Oct 2016 10:26

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 27th session. USD/JPY — As you can see that the USD/JPY pair did rise during the day, but I still see that a significant amount of resistance at the 105.00 handle. This is an area that I think could open the door to the 107.00 level above. With that, I think that a break above there could send this market...

EUR/USD and GBP/USD Forecast — October 27th 2016

Thu, 27 Oct 2016 10:09

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 27th session. EUR/USD — As you can see, we initially tried to rally, but then turned right back around to form a shooting star like candle. This of course shows that the buyers could not hang on to the gains. And therefore it looks very likely that we will continue to see sellers appearing on short-term...